The UK’s talent crisis erupted in 2021 with staff shortages closing restaurants, leaving supermarket shelves empty and driving up thousands in retention bonuses.
At the same time as a mass talent shortage though, the UK is amidst a talent exodus. The Great Resignation seen in the US has now come to British soil, with the number of people leaving their jobs at an all-time high.
Between July and September in 2021 year alone, an estimated 391,000 Brits quit their job for a new one, according to the Labour Force Survey. So why are employers struggling to fill vacancies when more people than ever are on the move? This talent paradox is inspiring change for HR. While many believe the job market will stabilise in 2022, it is still unknown when the talent crisis will end.
For more information on the candidate market, candidate availability and staff retention please call Hales Group and speak to your local branch:
Bury St Edmunds – 01284 767979
Diss – 01379 642276
Letchworth – 01438 741833
Lowestoft – 01502 582000
Norwich – 01603 620473
Thetford – 01842 761398